Escalating tensions between the U.S. and Iran have knock-on effects for inflation expectations and as a result, the trajectory of the base rate, notes Goldman Sachs.

(Bloomberg) -- Oil rose and Treasuries fell after the US launched another round of strikes against Iran, reviving concern that higher energy prices will keep inflation elevated…

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel